Overdraft fees are some of the highest that have ever been charged. The total last year brought banks a revenue of almost $30 billion. There are many consumers who do not pay for overdraft charges, so that means there are large portions of income coming from accounts somewhere to make up for mistakes that are bound to happen in these financial times. Banks have...

Keeping up with bank news? There has been a showing of public outrage towards some bank practices and people are finding a solution by changing banks. In search of better deals and service, consumers are finding that there are more hassles involved in closing your bank account. Some banks have made it an obstacle course to close a simple bank account. Not only...

There is a booming business of lead generators who obtain loan request information and sell it as leads to potential lenders. Companies are set up to take a person’s information and sell it to the highest bidder with online auctions. What is the information they are getting? What does a loan company do with it? Lead generators will take loan applications on...

Getting a bank loan is not so simple if your credit is not in good shape. Banks are extremely picky with approving loans and with the financial situation for many as of late, they have every right to be. Lending money is a risky business. Banks are tough screening applications and looking for those with good credit, collateral, and/or a concrete plan of action to...

Do you understand why online payday lenders charge such high fees? These small financial companies will charge fees like any other business providing services.  Banks and credit unions charge fees as well, but use different terms to express the same concept. When you take out a loan, you will pay money based on the outstanding balance each month, otherwise known as...

When you get to the checkout counter and the person at the register asks if you would like to save an extra 20% by signing up for the store credit card, do you do it? Are there other advantages besides that one time deal that you out on if you don’t sign up? Store credit cards have been known to carry high interest rates and with the use of the internet, they...